Pages

21 August 2013

Cambridge Mercantile Group Opens Asia-Pacific HQ in Sydney, Australia

Toronto, Ontario and Sydney, Australia - 20 August 2013 - Cambridge Mercantile Group, a leader in corporate foreign exchange and global payments, announced the expansion of their operations into the Asia-Pacific (APAC) territory, with regional headquarters located in Sydney, Australia.

Timothy Connors, a seasoned industry executive, has been appointed to the role of managing director of the Asia-Pacific region. Timothy joins Cambridge from Western Union Business Solutions (WUBS), where he served as director of sales for corporate and enterprise accounts. In his new role at Cambridge, Tim will oversee all aspects of operations, critical customer relationships and sales functions.

In recent years, the AUD has risen through the ranks to become one of the world's top five traded currencies, a reflection of the country's strong economy. Establishing headquarters in Sydney has been a critical step for Cambridge in broadening its global footprint. Ultimately, this move affords Cambridge access to a new demographic, while providing Australian domestic clients with the convenience of a local office that offers the expertise and resources of an internationally renowned payments provider.

"The launch of our APAC headquarters marks another significant milestone for Cambridge this year. As we celebrate our 20th anniversary at Cambridge, we continue to forge ahead with delivering the best-in-class FX and global payment solutions to our clients. I'm proud to extend our products and services to this fast growing market," said Bernard Heitner, chief executive officer, Cambridge Mercantile Group.

Since its inception in 1992, Cambridge Mercantile Group has grown to become a leading provider of global payments and currency risk management solutions. With offices strategically located across the globe, including North America, Europe and Australia, Cambridge facilitates the secure movement of over $20 billion dollars annually.